Company Registration No. 03309509 (England and Wales)
Cotton Legend Limited
Unaudited accounts
for the year ended 31 December 2025
Cotton Legend Limited
Unaudited accounts
Contents
Cotton Legend Limited
Company Information
for the year ended 31 December 2025
Directors
Mr B Bekmezci
Mr G Bekmezci
Company Number
03309509 (England and Wales)
Registered Office
First Floor Fernie House
Unit 3 Coalville Business Park
Jackson Street, Coalville
Leicestershire
LE67 3NR
Accountants
121 Local Accounting Ltd
Unit 15, Whitwick Business Centre
Stenson Road
Coalville
Leicestershire
LE67 4JP
Cotton Legend Limited
Statement of financial position
as at 31 December 2025
Tangible assets
31,415
39,967
Debtors
3,017,095
2,459,386
Cash at bank and in hand
21,993
486,597
Creditors: amounts falling due within one year
(1,169,655)
(978,375)
Net current assets
1,923,904
2,019,780
Total assets less current liabilities
1,955,319
2,059,747
Provisions for liabilities
Deferred tax
(5,187)
(6,739)
Net assets
1,950,132
2,053,008
Called up share capital
50,000
50,000
Profit and loss account
1,900,132
2,003,008
Shareholders' funds
1,950,132
2,053,008
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 May 2026 and were signed on its behalf by
Mr B Bekmezci
Director
Company Registration No. 03309509
Cotton Legend Limited
Notes to the Accounts
for the year ended 31 December 2025
Cotton Legend Limited is a private company, limited by shares, registered in England and Wales, registration number 03309509. The registered office is First Floor Fernie House, Unit 3 Coalville Business Park, Jackson Street, Coalville, Leicestershire, LE67 3NR.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on a reducing balance basis
Motor vehicles
25% on a reducing balance basis
Fixtures & fittings
20% on a reducing balance basis
Computer equipment
33.33% on a reducing balance basis
Other tangible fixed assets
33.33% on a cost basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Cotton Legend Limited
Notes to the Accounts
for the year ended 31 December 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Total
At 31 December 2025
108,573
Charge for the year
11,897
At 31 December 2025
77,158
At 31 December 2025
31,415
At 31 December 2024
39,967
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Transactions with related parties
Dividends of £789,741 have been paid during 2025 (2024 £Nil)
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Average number of employees
During the year the average number of employees was 19 (2024: 19).